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Workplace Expert - Answered on Apr 16, 2024

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Asked by Anonymous - Apr 15, 2024Hindi
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Career

I am 42, and frustrated with my job. Is it okay if I quit my job at this age? I am a BCom graduate with 17 years of experience in accounting and finance. I have some savings. What else should I consider before resigning from my current job? I am currently single and stay with my retired parents.

Ans: Hey there,

Feeling stuck in your career can be as frustrating as getting stuck behind a slow-moving tractor on a narrow road. But fear not, because your situation is not as bleak as it may seem.

Firstly, let's address the age factor. At 42, you're like a fine wine - seasoned, mature, and ready to be savored. Age is just a number, and it certainly shouldn't dictate your career decisions. Many successful individuals have reinvented themselves and achieved great heights later in life. So, if you're feeling the urge to shake things up, don't let the digits on your birth certificate hold you back.

Now, onto the big question - should you quit your job? Well, it's like contemplating whether to ditch a leaky boat for a sturdier vessel. It all depends on your circumstances, aspirations, and tolerance for soggy socks.

Considering your background in accounting and finance, you've got a solid foundation to build upon. But before you bid adieu to your current gig, here are a few things to ponder:

1. Financial Assessment: Take a deep dive into your savings and financial commitments. Ensure you have a comfortable buffer to tide you over during your transition period. It's like balancing your books - make sure the numbers add up before making any drastic moves.

2. Skills and Interests: Reflect on your passions and skill set. Are there areas within accounting and finance that ignite your enthusiasm? Or perhaps you've been eyeing a completely different field? It's never too late to explore new horizons or pivot towards a career that aligns with your interests.

3. Networking: Dust off your LinkedIn profile and start connecting with industry professionals. Networking is the secret sauce to unlocking hidden opportunities and gaining valuable insights. Attend events, join online communities, and don't shy away from reaching out to people for informational interviews. Remember, relationships are like investments - they yield returns when nurtured.

4. Career Goals: Define your career objectives and chart out a roadmap to achieve them. Whether it's climbing the corporate ladder, starting your own venture, or embracing a portfolio career, clarity of purpose will steer you in the right direction. Set SMART goals - Specific, Measurable, Achievable, Relevant, and Time-bound - and watch your career aspirations come to life.

5. Support System: Lean on your support system for guidance and encouragement. Your retired parents can offer valuable insights and emotional support during this transitional phase. Having a strong support network is like having a trusty co-pilot - they'll help navigate the turbulence and celebrate your victories along the way.

Remember, life is too short to be stuck in a job that doesn't spark joy. So, muster up your courage, trust your instincts, and embark on this new chapter with gusto. Who knows, the best may be yet to come!

Wishing you smooth sailing and endless opportunities on your career journey!

Cheers!
Career

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Reetika

Reetika Sharma  |642 Answers  |Ask -

Financial Planner, MF and Insurance Expert - Answered on Nov 09, 2025

Money
I am 31, teetotaler, with no bad habits, bachelor, leading celibacy, no chronical ailment, minimalist, investing in various schemes of mutual from the age of 18, now my investment is Rs. 50 lacs, with SIP of Rs. 15K every month in equity funds, and 40 lacs medical insurance 1.5Cr term insurance. Insurance premia are taken care by dividend from equity shares. My average annual expenses at present is Rs.5 lacs. Please guide me at what age should I give up the job and submit my resignation from MNC job, and retire, where I have no dependants nor depending on any one. Please guide me and advise.
Ans: Hi Mani,

You are one of the rare example of someone who is a long term investor and have build quite a good corpus through all these years.
Let us have a look at what can be done:
1. Insurance - you are well covered. Even premiums are being taken care of using dividends.
2. Emergency fund - build a dedicsted fund of minimu 10 lakhs in liquid funds for any emergency situation.
3. Mutual funds - a SIP of 15k has built you a corpus of 50 lakhs in 13 years which is great. You should also focus on increasing your investments to the maximum capacity whenever possible.
4. You are a bachelor and want to retire. But you also have to plan if ou want to get married. Getting married will change the entire plan. You will need funds to get marry, start family, kid's education and marriage. All these things should also be considered before making any decision.
5. Your current expenses of 5lakhs will double easily on getting married, so your resignation and retirement depends on this plan as well.

Hence my suggestion would be to focus on increasing income for now and you are too young to consider leaving your job. Plan your future goals and then take this decision collectively.

Also as your MF portfolio crosses 50 lakhs, would suggest you to consult a professional Certified Financial Planner - a CFP who can guide you with exact funds to invest in keeping in mind your age, requirements, financial goals and risk profile.

Let me know if you need more help.

Best Regards,
Reetika Sharma, Certified Financial Planner
https://www.instagram.com/cfpreetika/

..Read more

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